Joint venturesandstrategic alliancesare common forms of partnerships between companies:
Joint Venture:A business arrangement where two or more parties agree to pool their resources for a specific task, creating a new entity.
Strategic Alliance:An agreement between companies to pursue objectives while remaining independent organizations.
"Sole trader," "limited company," and "public limited company" refer to business structures, not partnership arrangements.
[Reference:, CIPS L4M6 Study Guide, , ]
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